Multi-asset and equity products have driven net intermediary inflows of £3.8bn for Schroders in the first half of 2014, prompting a 50% hike in the group's interim dividend.
Life insurer Friends Life has reported a "limited immediate Budget impact" on its retirement income business but said it expects annuity sales to drop by up to 70% in the medium term.
Pensions provider Royal London has posted a strong growth in sales through advisers following the Retail Distribution Review (RDR), with its platform new business sales up a record 39% on last year, the firm's interim results have revealed today.
Prudential is on track to achieve the outstanding two of six objectives it set itself in 2010 following the controversial takeover attempt of Asian insurer AIA.
Prudential has boosted operating profits by 22% in the first six months of the year but said UK sales had been hit by the implementation of the Retail Distribution Review (RDR).
Hargreaves Lansdown recorded a 21% increase in profits in the year ended 30 June, driven by revenues from its Vantage platform.
Revenues at AFH Financial were up 20% compared to last year to just over £3m, its interim results have shown.
RSM Tenon is to transfer its listing category on the AIM stock market from 'premium' to 'standard' in a bid to create the regulatory flexibility required to easily buy and sell assets.
Accountants and advisers RSM Tenon said it will not offer any new tax efficient products through its Specialist Tax Service following the government's anti-avoidance crackdown in the most recent Budget.